🤑 It doesn’t get more affordable. Grab this 60% OFF Black Friday offer before it disappears…CLAIM SALE

Morgan Stanley shares rally amidst mixed market performance

EditorPollock Mondal
Published 09/13/2023, 11:51 PM
© Reuters.
US500
-
DJI
-
MS
-

Shares of Morgan Stanley (NYSE:MS) witnessed a 1.99% increase to reach $87.25 on Wednesday, marking the second consecutive day of gains in an otherwise mixed trading session for the stock market. This development came as the S&P 500 Index (INDEXSP:SPX) rose slightly by 0.12% to 4,467.44, while the Dow Jones Industrial Average (INDEXDJX:DJIA) fell by 0.20% to 34,575.53.

Despite the rally, Morgan Stanley's closing price remained $13.74 below its 52-week high of $100.99, which was achieved on February 14th. On Wednesday, the firm outperformed some of its competitors; JPMorgan Chase & Co. (NYSE:NYSE:JPM) saw a marginal rise of 0.05% to $146.41, while Wells Fargo & Co. (NYSE:WFC) and Charles Schwab Corp. (NYSE:NYSE:SCHW) experienced declines of 0.68% and 2.96% to close at $42.25 and $58.73 respectively.

In terms of trading volume, Morgan Stanley recorded a figure of 10.2 million, surpassing its 50-day average volume of 6.9 million.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.